Insider Selling: On Track Innovations Ltd (OTIV) CEO Sells 54,938 Shares of Stock

On Track Innovations Ltd (NASDAQ:OTIV) CEO Shlomi Cohen sold 54,938 shares of the stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $0.73, for a total transaction of $40,104.74. Following the sale, the chief executive officer now directly owns 52,984 shares of the company’s stock, valued at approximately $38,678.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

OTIV traded up $0.01 on Friday, reaching $0.78. 3,364 shares of the company’s stock were exchanged, compared to its average volume of 92,027. The company has a market cap of $31.88 million, a PE ratio of -19.50 and a beta of 1.59. On Track Innovations Ltd has a twelve month low of $0.65 and a twelve month high of $2.94.

A number of analysts recently issued reports on OTIV shares. Taglich Brothers started coverage on shares of On Track Innovations in a research report on Thursday, October 25th. They set a “speculative buy” rating for the company. TheStreet raised shares of On Track Innovations from a “d+” rating to a “c-” rating in a research report on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.00.

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About On Track Innovations

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.

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